ACC460( Government and Non-Profit Accounting )Complete Class
ACC 460 Week 1 Individual Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper
Prepare a 350- to 700-word paper comparing and contrasting GASB and FASB accounting.
Explain the objectives of the two standards boards and how they are similar and different.
Describe how the modified accrual basis of accounting differs from full accrual accounting.
Format your paper consistent with APA guidelines.
DQ 1 Log into http://www.charitynavigator.org/. Choose a good charity and a bad charity and explain why you feel they should labeled good or bad.
DQ 2 What is fund accounting? How does it compare to proprietary accounting? Why is fund accounting necessary? What are the major fund types?
DQ 3 What are some examples of government and not-for-profit organizations? How do businesses measure success? How do government organizations measure success?
DQ 4 What is the purpose of CAFR? What are the components of CAFR? Why is the Federal Government not subject to GASB 34? How do government-wide financial statements add information not available in fund financial statements
ACC 460 Week 2 Individual Ch. 1, 2, & 3 Textbook Exercises
Resources: Ch. 1, 2, & 3 of Government and Not-for-Profit Accounting
Prepare written answers to the following assignments from Government and Not-for-Profit Accounting:
Ch. 1: Exercise 1-1, Questions 1, 3, 4, 5, 7, & 8
Ch. 2: Question for Review and Discussion 12. In addition to answering question 12, provide a response in 150-350 words differentiating between a budget and a Comprehensive Annual Financial Report (CAFR).
Ch. 3: Exercise 3-2, Questions 1, 2, 3, 6, 8, & 9
ACC 460 Week 2 Learning Team CAFR Budget Analysis
Resources: Each team member’s CAFR list from Week One
Select one team member’s...